Phoenix & Southwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors


Phoenix & Southwest  + Southwest  + Retail  | 

Denver’s Northglenn Marketplace Trades for $48M

Northglenn Marketplace, a 439,063-square-foot community center in Northglenn, CO, was acquired by Hartford, CT-based Hutensky Capital Partners III LLC for $48 million. Faris Lee Investments’ Donald MacLellan, Rick Chichester and Patrick Toomey represented the seller, HQ8-10401-10450 Melody Lane LLC.

Built in 1999 and located at 10578 Melody Dr., the center is situated on just more than 55 acres at the confluence of the 25 freeway and 104th Avenue. Faris Lee marketed the 63%-occupied property as a unique value-add redevelopment opportunity.

MacLellan says, “Faris Lee had been advising the ownership over the past several months on how best to position the asset in order to maximize the value of the center. We hired a strong boutique leasing team from Sullivan Hayes to collaborate on a strategic business plan to help potential buyers see a new revitalized vision of what the property could be, including identifying a demand for an entertainment component.”

Get CRE News in 150 words

For comments, questions or concerns, please contact Dennis Kaiser


Inside The Story

Connect With Faris Lee’s MacLellan

About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

Step 1: Select Education
  • ◦Sale/Acquisition